We use cookies to customise content for your subscription and for analytics.If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

IMA responds on corporate Britain

IMA's response to the consultation on corporate Britain highlights misconceptions in the paper on the way the investment management market works. It explains that, although shareholder engagement is useful, it is the underlying business environment, including the tax environment, that affects growth. It says the relationship between an investment manager and its client makes it impossible for the manager to benefit from excessive short-term trading. (Source: Press Release)